President Claudia Sheinbaum stated that the budget for 2025 that will be submitted will be solid and with a reduction of the deficit, but ruled out a fiscal reform in the short term. "We are aware of the reality of resources," she added. During the morning conference, important changes in budget distribution were highlighted, focusing on the reduction of the deficit.
In response to questions about the possibility of a fiscal reform in the future, Sheinbaum assured that there are still opportunities to increase revenue without requiring such an initiative. It was noted that in the course of the next year, possible additional reforms will be reviewed, but the emphasis was placed on the possibility of increasing revenue without the need for a profound fiscal reform.
On the other hand, the president questioned the rating agency Moody's, which recently downgraded Mexico's credit outlook from Stable to Negative. Sheinbaum rejected this assessment, stating that Mexico's economy is solid and strong. In particular, she referred to the "institutional risks" mentioned by the rating agency, the reforms to the Judiciary, and the possible transfer of Pemex's debt to the federal government.
Regarding the 2025 budget, a focus on digitization and cuts to subsidies is anticipated. The Secretary of Finance, Rogelio Ramírez de la O, will present the document in San Lázaro. Sheinbaum emphasized the strength of the budget package and the significant changes in its distribution.
